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[ "Net Sales We generate sales from the delivery of products and services to our customers. Our consolidated net sales were as follows (in millions): 2023 2022 2021 Products $ 56,265 $ 55,466 $ 56,435 % of total net sales 83.3 % 84.1 % 84.2 % Services 11,306 10,518 10,609 % of total net sales 16.7 % 15.9 % 15.8 % Total net sales $ 67,571 $ 65,984 $ 67,044" ]

[ "Sales and operating profit for each of our business segments were as follows (in millions): 2023 2022 2021 Net sales Aeronautics $ 27,474 $ 26,987 $ 26,748 Missiles and Fire Control 11,253 11,317 11,693 Rotary and Mission Systems 16,239 16,148 16,789 Space 12,605 11,532 11,814 Total net sales $ 67,571 $ 65,984 $ 67,044 Operating profit Aeronautics $ 2,825 $ 2,867 $ 2,800 Missiles and Fire Control 1,541 1,637 1,650 Rotary and Mission Systems 1,865 1,906 2,030 Space 1,158 1,057 1,184 Total business segment operating profit 7,389 7,467 7,664 Unallocated items FAS/CAS pension operating adjustment 1,660 1,709 1,960 Intangible asset amortization expense (247) (248) (285) Severance and other charges (92) (100) (36) Other, net (203) (480) (180) Total unallocated, net 1,118 881 1,459 Total consolidated operating profit $ 8,507 $ 8,348 $ 9,123" ]

[ "Sales and operating profit for each of our business segments were as follows (in millions): 2023 2022 2021 Net sales Aeronautics $ 27,474 $ 26,987 $ 26,748 Missiles and Fire Control 11,253 11,317 11,693 Rotary and Mission Systems 16,239 16,148 16,789 Space 12,605 11,532 11,814 Total net sales $ 67,571 $ 65,984 $ 67,044 Operating profit Aeronautics $ 2,825 $ 2,867 $ 2,800 Missiles and Fire Control 1,541 1,637 1,650 Rotary and Mission Systems 1,865 1,906 2,030 Space 1,158 1,057 1,184 Total business segment operating profit 7,389 7,467 7,664 Unallocated items FAS/CAS pension operating adjustment 1,660 1,709 1,960 Intangible asset amortization expense (247) (248) (285) Severance and other charges (92) (100) (36) Other, net (203) (480) (180) Total unallocated, net 1,118 881 1,459 Total consolidated operating profit $ 8,507 $ 8,348 $ 9,123" ]

[ "Sales and operating profit for each of our business segments were as follows (in millions): 2023 2022 2021 Net sales Aeronautics $ 27,474 $ 26,987 $ 26,748 Missiles and Fire Control 11,253 11,317 11,693 Rotary and Mission Systems 16,239 16,148 16,789 Space 12,605 11,532 11,814 Total net sales $ 67,571 $ 65,984 $ 67,044 Operating profit Aeronautics $ 2,825 $ 2,867 $ 2,800 Missiles and Fire Control 1,541 1,637 1,650 Rotary and Mission Systems 1,865 1,906 2,030 Space 1,158 1,057 1,184 Total business segment operating profit 7,389 7,467 7,664 Unallocated items FAS/CAS pension operating adjustment 1,660 1,709 1,960 Intangible asset amortization expense (247) (248) (285) Severance and other charges (92) (100) (36) Other, net (203) (480) (180) Total unallocated, net 1,118 881 1,459 Total consolidated operating profit $ 8,507 $ 8,348 $ 9,123" ]

[ "Contractual Commitments At December 31, 2023, we had contractual commitments to repay debt, make payments under operating leases, settle obligations related to agreements to purchase goods and services and settle tax and other liabilities. Financing lease obligations were not material. Payments due under these obligations and commitments are as follows (in millions): Total Due Within 1 Year Total debt $ 18,723 $ 168 Interest payments 15,849 857 Other liabilities 2,372 233 Operating lease obligations 1,306 339 Purchase obligations: Operating activities 63,438 29,041 Capital expenditures 1,011 641 Total contractual cash obligations $ 102,699 $ 31,279" ]

[ "Aeronautics Our Aeronautics business segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies. Aeronautics’ major programs include the F-35 Lightning II, C‑130 Hercules, F-16 Fighting Falcon and F-22 Raptor. Aeronautics’ operating results included the following (in millions): 2023 2022 2021 Net sales $ 27,474 $ 26,987 $ 26,748 Operating profit 2,825 2,867 2,800 Operating margin 10.3 % 10.6 % 10.5 % Backlog at year-end $ 60,156 $ 56,630 $ 49,118" ]

[ "Capital Expenditures and PP&E Depreciation and Software Amortization 2023 2022 2021 Capital expenditures Aeronautics $ 535 $ 461 $ 477 Missiles and Fire Control 252 253 304 Rotary and Mission Systems 220 266 279 Space 455 391 305 Total business segment capital expenditures 1,462 1,371 1,365 Corporate activities 229 299 157 Total capital expenditures $ 1,691 $ 1,670 $ 1,522 PP&E depreciation and software amortization Aeronautics $ 416 $ 383 $ 348 Missiles and Fire Control 175 160 153 Rotary and Mission Systems 220 245 250 Space 221 201 205 Total business segment depreciation and amortization 1,032 989 956 Corporate activities 398 415 408 Total depreciation and amortization $ 1,430 $ 1,404 $ 1,364" ]

[ "Assets Total assets for each of our business segments were as follows (in millions): 2023 2022 Assets Aeronautics $ 13,167 $ 12,055 Missiles and Fire Control 5,703 5,788 Rotary and Mission Systems 17,521 17,988 Space 6,560 6,351 Total business segment assets 42,951 42,182 Corporate assets 9,505 10,698 Total assets $ 52,456 $ 52,880" ]

[ "Plan Assets Our wholly-owned subsidiary, Lockheed Martin Investment Management Company (LMIMCo), has the fiduciary responsibility for making investment decisions related to the assets of our postretirement benefit plans. LMIMCo’s investment objectives for the assets of these plans are (1) to minimize the net present value of expected funding contributions; (2) to ensure there is a high probability that each plan meets or exceeds our actuarial long-term rate of return assumptions; and (3) to diversify assets to minimize the risk of large losses. The nature and duration of benefit obligations, along with assumptions concerning asset class returns and return correlations, are considered when determining an appropriate asset allocation to achieve the investment objectives. Investment policies and strategies governing the assets of the plans are designed to achieve investment objectives within prudent risk parameters. Risk management practices include the use of external investment managers; the maintenance of a portfolio diversified by asset class, investment approach and security holdings; and the maintenance of sufficient liquidity to meet benefit obligations as they come due. LMIMCo’s investment policies require that asset allocations of postretirement benefit plans be maintained within the following approximate ranges: Asset Class Asset Allocation Ranges Cash and cash equivalents 0-20% Global Equity 15-65% Fixed income 10-60% Alternative investments: Private equity funds 5-25% Real estate funds 5-15% Hedge funds 0-20% Commodities 0-10%" ]

[ "Equity Compensation Plan Information The following table provides information about our equity compensation plans that authorize the issuance of shares of Lockheed Martin common stock to employees and directors. The information is provided as of December 31, 2023. Plan category Number of securities to be issued upon exercise of outstanding options, warrants and rights (a) Weighted-average exercise price of outstanding options, warrants and rights (b) Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c) Equity compensation plans approved by security holders 2,333,795 $ — 6,066,491 Equity compensation plans not approved by security holders 483,204 — 2,503,225 Total 2,816,999 $ — 8,569,716" ]

[ "Disaggregation of Net Sales Net sales by products and services, contract type, customer category and geographic region for each of our business segments were as follows (in millions): 2023 Aeronautics MFC RMS Space Total Net sales Products $ 22,758 $ 9,919 $ 12,913 $ 10,675 $ 56,265 Services 4,716 1,334 3,326 1,930 11,306 Total net sales $ 27,474 $ 11,253 $ 16,239 $ 12,605 $ 67,571 Net sales by contract type Fixed-price $ 18,664 $ 7,661 $ 10,403 $ 3,276 $ 40,004 Cost-reimbursable 8,810 3,592 5,836 9,329 27,567 Total net sales $ 27,474 $ 11,253 $ 16,239 $ 12,605 $ 67,571 Net sales by customer U.S. Government $ 18,311 $ 7,769 $ 10,961 $ 12,382 $ 49,423 International 9,034 3,473 4,983 154 17,644 U.S. commercial and other 129 11 295 69 504 Total net sales $ 27,474 $ 11,253 $ 16,239 $ 12,605 $ 67,571 Net sales by geographic region United States $ 18,440 $ 7,780 $ 11,256 $ 12,451 $ 49,927 Europe 4,898 786 1,265 62 7,011 Asia Pacific 2,800 687 2,275 89 5,851 Middle East 987 1,844 721 2 3,554 Other 349 156 722 1 1,228 Total net sales $ 27,474 $ 11,253 $ 16,239 $ 12,605 $ 67,571" ]